Ryan's proposal to allow workers to shift a third of their Social Security taxes into retirement-oriented accounts has Democrats worried.
By STEPHEN OHLEMACHER,Associated Press|August 20, 2012 at 07:03 AM
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WASHINGTON (AP) — Democrats are eagerly renewing their fight against privatizing Social Security now that Republican presidential candidate Mitt Romney has picked Paul Ryan as his running mate. It was a fight that didn’t go well for the GOP when President George W. Bush pushed the idea in 2005.
In his 2010 “Road Map for America’s Future,” the Wisconsin congressman proposed a plan to allow younger workers to divert more than one-third of their Social Security taxes into personal accounts that they would own and could will to their heirs.
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